New Law Brings Great Relief for Californians
BY Admin | March 1, 2021 After years of having homestead laws that were supposed to protect the homeowner, the state of California has finally decided to play the game with the right game piece. State homestead exemptions give protection, up to a certain dollar amount, to a debtor, to protect a home and its equity from seizure by a judgment…
5 Advantages Of Creating An LLC For Asset Protection
BY Admin | September 9, 2022The benefits of an LLC are personal asset protection, taxation or operational practices flexibility, and lower criteria. Personal Liability Protection A significant benefit of starting an LLC is that this distinguishes your private assets from your business. This protects your car, property, or bank reserves if your business gets sued or defaults on bank loans.…
How Much Money Should I Leave My Heirs?
BY Kendal Blunck | August 15, 2022How much money is the right amount to leave heirs? The answer depends on a variety of factors. For baby boomers and preceding generations, wealth accumulation has been tied to the transfer of assets to heirs and charities of choice. While leaving money to heirs has often been considered more of a gift than an…
Mistakes To Avoid When Using an LLC
BY Kendal Blunck | August 10, 2022In most situations, LLCs are the ideal type of entity to set up when starting a business. An LLC is often the ideal mix between a corporation and a partnership. LLCs offer their members the benefits of corporations and partnerships without the owners having to deal with the complexities necessary to actually operate a corporation.…
Don’t Get Sucker-Punched by Capital Gains When You Sell Your Home
BY Kendal Blunck | August 5, 2022While it may be tempting to sell your home upon finding out that its value has skyrocketed, we advise you to proceed with caution. Many individuals in this situation do not realize that the profits from their home sales are liable to be taxed. Unfortunately, by the time they find this out, they may have…
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